It has been three months following my purchase conveyancing in Taplow concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Taplow differ for newly converted properties?
Most buyers of new build premises in Taplow come to us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is constructed. This is because builders in Taplow tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Taplow or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a straight forward, chain free conveyancing. Taplow is the location of the property. Is there any guidance you can impart?
Flying freeholds in Taplow are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Taplow you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Taplow may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My husband and I are new to the buying process - agreed a price, yet the estate agent told us that the owners will only proceed if we appoint their recommended conveyancers as they want a ‘quick sale’. My instinct tells me that we should use a high street solicitor who is accustomed to conveyancing in Taplow
We suspect that the seller is unaware of this ultimatum. If they want ‘a quick sale', alienating a motivated buyer is not the way to achieve this. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you will continue to instruct your preferred Taplow conveyancing firm - not the ones that will give their negotiator at the agency a commission or hit his conveyancing figures pre-set by head office.
I am attracted to a couple of apartments in Taplow which have approximately forty five years remaining on the lease term. should I be concerned?
There are no two ways about it. A leasehold apartment in Taplow is a deteriorating asset as a result of the shortening lease. The nearer the lease gets to zero years unexpired, the more it adversely affects the value of the premises. The majority of purchasers and banks, leases with less than eighty years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Taplow conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I inherited a garden flat in Taplow, conveyancing was carried out in 2006. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Taplow with a long lease are worth £191,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease ends on 21st October 2080
You have 54 years left to run the likely cost is going to range between £31,400 and £36,200 plus costs.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.
I need to review costs for conveyancing in Taplow from three conveyancer and appoint one. Do I get them to hold tight until I have found somewhere to acquire.
We suggest that you only get your conveyancer to commence work and order searches once the sales memo has been sent by the selling agent especially as Taplow conveyancing searches are not cheap.